Coin Everything?
Weekly Recap: Base is for controversy, Trump wants to fire Fed chairman.
Base landed itself in the crypto hot seat this week for promoting Zora’s recent pivot to fungible tokens with an official “Base is for everyone” content coin.
The token experienced tumultuous early trading activity, surging to a $17M market capitalization within hours post-launch, only to dump 95% in a matter of minutes before recouping the losses over the following days.
While critics saw little sense in crypto’s second-largest exchange shilling memecoins, content coin proponents proclaimed that the unified liquidity offered by these instruments makes them superior to existing non-fungible token (NFT) formats and suggest that the experiment could help creators unlock new revenue streams.
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Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
